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201205888 10� Mortgage Insurance. If Leader required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage insurance in effect. if, for my reason, the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premintrus required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect. ' at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lende;r- I, substantially equivalent Mortgage Insurance coverage is not available, Borrenver sball continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Leader will accept, use and retain these payments as a non-refundable loss reserve in Lieu of Mortgage Insurance. Such loss reserve shall be non-refondaldc, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be. required to pay Borrower any interest or Qamings on such loss reserve, Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the prermains for Mortgage Insurance, Borrower shall pay the premiums requirtal to maintain Mortgage Insurance in effect, or to provide a rion-refundable loss reserve, until Leader's requirement for Mortgage Insurance ends in accordance with any written agrecuient between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it alay mcUT if Borrower does not repay the Loan as agreed. liorrower is not a party to the Mortgage Insurance Mortgage insurers evahm tc their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk or reduce losses, These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which my include funds obtained from Mortgage Insirtance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other cntity� or any affiliate of any of the fortamag, may receive (dirmtty or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurufs risk, or reducing losses- If such agreement provides that an affiliate of Lender takes a share of the insuret's risk in exchange for a share of the prerniums paid to the insurer, the arrangement is often termed "captive remsurance " Further: (2) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the 2mount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if sAy - with respect to the Mortgage Ins . urance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage busurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. AJIMiscellanocus: Proceeds are hereby assigned to and sball be paid to Lender, NESRA�Sln� Fa*�LFanni. M.&Rdd� UNIFORM PSTNUMOT f4m 3020 7101 VNIP Z W.M(PIE) (IM)GO woft� Muww Finawal S�.� 4d15 111111 hill 11111111111111111 ill 1111111111111111111 till 11111111 Ill OOOONE977CI650